Asteya launches with $10 million in funding

Miami-based disability insurance startup Asteya announced its launch and disclosed fundraising of $10 million. Investors include I2BF Ventures, Capital Factory, Cap Meridian Ventures, Northstar Ventures, Atrum, as well as angel investors Whitney Wolfe Herd and Geeta Sankappanavar.

The company (a team of ~17) was founded in 2018 by CEO Alex Williamson, the former Chief Brand Officer at Bumble and Hadi Radwan, Chief Product Officer. Asteya’s digital platform offers disability insurance geared towards small business owners and gig workers. According to the company, users can get coverage within minutes and all policies are offered through Munich Re and Lloyd’s of London.

“We’re thrilled to announce our public launch to begin to help make income protection accessible for all. For so many of us, our income and wellness are intertwined—and yet there are not enough solutions for when the unexpected happens. Asteya is designed to empower people for the way we work and live today.” – CEO, Asteya, Alex Williamson.

“Asteya’s approach delivers flexibility in protecting income, which for us likewise means creating a seamless user experience, improving speed to decision, and emphasizing affordability as our top priorities. Our goal is to make Asteya plans accessible to as many people who need them as possible.” – Chief Product Officer, Asteya, Hadi Radwan.